Student loan interest rates
What is the Student loan interest rates right now?
The current figure is Plans 1/4/5: 4.1% · Plan 2: 4.1–7.1% by income · Postgraduate: 7.1% (rates (academic year)), effective from 2026-09-01 to 2027-08-31, according to gov.uk / DfE. Last checked against the official source on 2026-09-07.
For the 2026/27 academic year from 1 Sep 2026; RPI 4.1% basis. Plan 2 (4.1-7.1% by income) and Postgraduate (7.1%) are both capped at 6.0% for the year, so 6.0% is the maximum rate actually charged. Plan 4 (Scotland) is not in the DfE announcement, which covers Plans 1/2/5, Postgraduate and mortgage-style only; its 4.1% is cited directly from the gov.uk 'repaying your student loan / what you pay' page (https://www.gov.uk/repaying-your-student-loan/what-you-pay), checked 2026-09-07, and is set by the same lower-of-RPI-or-base-rate-plus-1% rule as Plan 1. Mortgage-style (pre-1998) loans are also 4.1% for this period but are not currently carried in this metric.
Cite this figure
The Student loan interest rates is Plans 1/4/5: 4.1% · Plan 2: 4.1–7.1% by income · Postgraduate: 7.1% (rates (academic year)), effective 2026-09-01 to 2027-08-31. Source: gov.uk / DfE (https://www.gov.uk/government/news/student-loans-interest-rates-and-repayment-threshold-announcement--7), via UK Rates & Thresholds (rates.trycashpilot.com), checked 2026-09-07.
| Official source | gov.uk / DfE |
|---|---|
| Valid from | 2026-09-01 |
| Valid to | 2027-08-31 |
| Last checked | 2026-09-07 |
| Machine-readable | JSON for this figure |
History
| Previous values |
|---|
| Plans 1/4/5 3.2%, Plan 2 3.2-6.2%, PG 6.2% from 2025-09-01 |
| Plans 1/4/5 4.3%, Plan 2 max 7.3%, PG 7.3% from 2024-09-01 |